Automatic Payroll Deduction System

The DepEd Borrower (hereinafter referred to as the “Borrower”) shall present his/her latest available original pay slip to the Automatic Payroll Deduction System (APDS) Program accredited lending entity (hereinafter referred to as the “Lender”) as part of his/her loan application. The Lender shall evaluate the Borrower’s loan application using its own criteria, including the Borrower’s…